The co-founder of Tesla Motors set another milestone for his electric car company today by making a final $451.8 million payment on the $465 million loan from the U.S. government — nine years earlier than scheduled. The massive payment came courtesy of a stock offering last week that raised $1 billion for the California automaker, made possible after it revealed its first quarterly profit. The move makes Tesla the only automaker to have paid back its Department of Energy loan in full — yet another talking point for Musk's EV drive.

The more I learn about Tesla Motors and Elon Musk, the more I'm excited for the future and what technology they can bring. Elon Musk sounds like a truly nice guy who has a bright vision for the future. His "Hyperloop" almost sounds too good to be true, but knowing him, I think they'll be able to deliver.

posted 3989 days ago